Tik. Tok-owner Byte. Dance plans buyback at $400 billion valuation
“Byte. Dance, the Chinese owner of Tik. Tok, is planning to buy back up to $6 billion worth of shares from existing investors at a valuation of about $400 billion, The Information reported on Thur…”
Reuters could not immediately verify the report. Digital platforms Meta (META.O) and Tik.
Tok joined Google on Wednesday in pushing back against proposed revisions to Indonesia's copyright law that would require digital platforms to pay publishers for displaying news content and set rules for AI.If the bill is passed, Indonesia could become the first country in Southeast Asia to incorporate AI in its copyright law, as governments globally grapple with the impact of the technology on copyright rules, including the use of work created by humans to train AI models.
Written by Sheheryar Munawar
Aman-e-Pakistan Senior Journalist & Bureau Reporter
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